155 Forrest Dr
Hannibal, MO 63401
SSA & OHO · Office Property For Sale

Colliers International is pleased to present an investment opportunity, for the Social Security Administration (SSA) and Office of Hearings and Appeals Operations (OHO) is located at 155 Forrest Drive, Hannibal, MO. This single-tenant office building is 7,648 square feet, sits on 1.8 acres, and was a build-to-suit for the General Services Administration (GSA) in 2009. Approximately 800 square feet is dedicated to the OHO. This is a critical mission hearing office that supports the Social Security field offices in Columbia and St. Louis, MO. There are two security guards assigned to this facility, one for Social Security and the other for OHO. The GSA just executed a new 10-year lease with 8-years firm term. New carpet is being install, paint is being refreshed, and all parking lot light fixtures were converted to LED. This building also has an Energy Star rating. The building is surrounded by newer medical buildings and is a neighbor to Moberly Area Community College (MACC). With GSA tenants averaging over 30+ years occupancies, investors will be able to realize additional upside through escalating operating expense rent reimbursements adjusting with Consumer Price Index (CPI) increases.